Next Wave of Innovation
Schumpeter’s conception of creative destruction and innovation theory was based upon product innovation, process innovation, business model innovation, new sources of supply of raw materials and new organization of any industry. Today, Quantum Tech could revolutionize the entire IT industry with major economic, industrial, academic and societal impacts. It holds great promise, in areas such as chemistry, optimization, machine learning and AI; but encryption is a risk. We shall not ignore quantum computing but view it as a competitive advantage. But also, where are we on Metaverse?